Iceland's government fell today and I can't understand why this is such a big story, as if no one expected it. Have these people never played Risk? Iceland changes hands every other turn as people battle over control of Europe and protection of North America. Somebody rolled three sixes and wiped out Geir Haarde's forces. I'd suggest that the next government place at least five armies there.
Meanwhile, in the Eastern United States, Timothy Geithner was confirmed and sworn in as Secretary of the Treasury. This is great news for US taxpayers. Next time the IRS contacts you about unpaid back taxes, just call on Tim to back you up. It is now Treasury policy to allow you to slide on your obligations up until such time as you are nominated for a Treasury job.